Price for Machines; Parts and Accessories, of Heading No. 8472 in Jordan - 2022

Contents:

1. Price for Machines; Parts and Accessories, of Heading No. 8472 in Jordan (CIF) - 2022
2. Price for Machines; Parts and Accessories, of Heading No. 8472 in Jordan (FOB) - 2022
3. Imports of Machines; Parts and Accessories, of Heading No. 8472 in Jordan
4. Exports of Machines; Parts and Accessories, of Heading No. 8472 in Jordan

Price for Machines; Parts and Accessories, of Heading No. 8472 in Jordan (CIF) - 2022

The average import price for machines; parts and accessories, of heading no. 8472 stood at $89,042 per ton in 2022, growing by 4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 18% against the previous year. The import price peaked at $103,503 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Hungary ($89,164 per ton) and Taiwan (Chinese) ($89,140 per ton), while the price for India ($88,320 per ton) and South Korea ($88,885 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Parts and Accessories, of Heading No. 8472 in Jordan (FOB) - 2022

In 2022, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $82,851 per ton, dropping by -10% against the previous year. Overall, the export price, however, saw a notable expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by 256%. The export price peaked at $145,367 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($150,500 per ton), while the average price for exports to Palestine ($75,560 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+54.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machines; Parts and Accessories, of Heading No. 8472 in Jordan

Imports of machines; parts and accessories, of heading no. 8472 into Jordan fell rapidly to 7.6 tons in 2022, reducing by -21.5% against 2021 figures. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +6.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 64%. As a result, imports reached the peak of 9.6 tons, and then shrank notably in the following year.

In value terms, imports of machines; parts and accessories, of heading no. 8472 contracted dramatically to $673K in 2022. Over the period under review, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +4.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 78% against the previous year. As a result, imports attained the peak of $824K, and then fell significantly in the following year.

Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Jordan in 2022:

1. Germany (1695.0 kg)
2. United Kingdom (1404.0 kg)
3. United States (903.0 kg)
4. Ireland (707.0 kg)
5. China (689.0 kg)
6. Taiwan (Chinese) (563.0 kg)
7. Japan (502.0 kg)
8. Hungary (269.0 kg)
9. South Korea (244.0 kg)
10. Spain (71.0 kg)
11. Philippines (60.0 kg)
12. India (50.0 kg)

Exports of Machines; Parts and Accessories, of Heading No. 8472 in Jordan

In 2022, approx. 505 kg of machines; parts and accessories, of heading no. 8472 were exported from Jordan; increasing by 104% compared with the year before. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 4,840% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of machines; parts and accessories, of heading no. 8472 surged to $42K in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 4,636% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Jordan in 2022:

1. Peru (440.0 kg)
2. Palestine (50.0 kg)
3. Germany (13.0 kg)

Source: IndexBox Market Intelligence Platform